Lancaster Colony Corporation announced 23 February 2005 that its Board of Directors has declared a quarterly cash dividend of USD 0.25 per share on the company“s common stock, payable 31 March 2005 t…
Lancaster Colony Corporation announced 23 February 2005 that its Board of Directors has declared a quarterly cash dividend of USD 0.25 per share on the company“s common stock, payable 31 March 2005 to shareholders of record on 10 March 2005. The board voted to continue the cash dividend at the higher level set three months ago. At that time, the company marked 42 consecutive years of increasing cash dividends each year. Lancaster Colony is now one of only 23 US companies to have increased cash dividends each year for 42 years. John B. Gerlach, Jr., chairman and chief executive officer of Lancaster Colony, said, “The dividend reflects the company“s continued strong financial position, and will be the 167th consecutive quarterly cash dividend paid by the company since September 1963.” He noted that the indicated annual payout for the current fiscal year ending 30 June 2005 is USD 0.98 per share, up 10% from the USD 0.89 per share paid in the fiscal year ended 30 June 2004. Common shares currently outstanding are approximately 34,820,000.